Panmure Gordon Reaffirms “Hold” Rating for Anglo American (LON:AAL)

Anglo American (LON:AAL)‘s stock had its “hold” rating restated by research analysts at Panmure Gordon in a research report issued to clients and investors on Sunday, Marketbeat reports. They currently have a GBX 2,500 target price on the mining company’s stock. Panmure Gordon’s target price would suggest a potential downside of 12.70% from the stock’s previous close.

A number of other brokerages have also issued reports on AAL. Berenberg Bank increased their price objective on Anglo American from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on Anglo American from GBX 2,760 to GBX 3,220 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 2,603.33.

Anglo American Trading Up 1.7%

Anglo American stock opened at GBX 2,863.63 on Friday. The firm has a 50-day moving average price of GBX 2,853.47 and a two-hundred day moving average price of GBX 2,485.53. Anglo American has a 52-week low of GBX 1,900.01 and a 52-week high of GBX 3,051. The firm has a market capitalization of £30.56 billion, a price-to-earnings ratio of -7.34, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.98 and a debt-to-equity ratio of 78.84.

Insider Activity at Anglo American

In other news, insider Magali Anderson purchased 255 shares of the business’s stock in a transaction on Monday, September 29th. The shares were acquired at an average price of GBX 2,731 per share, for a total transaction of £6,964.05. Also, insider Nonkululeko Nyembezi acquired 259 shares of Anglo American stock in a transaction on Monday, September 29th. The stock was purchased at an average cost of GBX 2,731 per share, with a total value of £7,073.29. Insiders purchased 2,043 shares of company stock worth $5,674,631 over the last quarter. Company insiders own 0.43% of the company’s stock.

About Anglo American

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive major demand growth trends.

Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we mine, process, move and market our products to our customers – safely, efficiently and responsibly.